Inscribed by Nobel Prize-Winning Economist Vernon L. Smith

  • Papers in Experimental Economics.

Papers in Experimental Economics.


Item Number: 3389

New York: Cambridge University Press, 1991.

First edition of this collection of essays by the Nobel Prize-winning economist. Octavo, original cloth. Fine in a fine dust jacket. Inscribed by the Nobel Prize winning economist to fellow economist, “For my good friend of close to four decades, Stan Reiter, with warm regards, Vernon L. Smith 2/7/92.” Vernon L. Smith is largely credited with creating the field of experimental economics. Books signed by Smith are uncommon.

Papers in Experimental Economics is a collection of Smith’s papers from 1962 to 1988 which surveys major developments in the field and attempts to simulate economic behavior in now classic double oral auction markets through recent studies of industrial organization and decision making. Topics covered include monopoly and oligopoly supply and demand theory under posted pricing, uniform pricing, double continuous auction, and sealed bid-offer auction; hypothetical valuation and market pricing; asset price bubbles; predatory pricing; market contestability and natural monopoly; and the methodology of experimental economics.

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